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Transcript of Maroon 401(k) Education

CONTENTDEAD ENDMR SPEEDINGSETyour goalCredit CardStudent LoanCar LoanFirst thing to budgeting is to come up with a schedule to get out of debt To Your WealthStarting Later . . . Just dial it up!Increase your Contribution each yearGrow Your Net Worth What's Your Net Worth?How much money you earn in a given period of time. IncomeNet Worthvs.Value of everything you own, minus all your debts70% of Lottery Winners are broke within 3 yearsIt’s not how much you make . . .it’s how much you keep. - If you earn $1 million per year and spend it all -

you are NOT wealthy!Income - Expenses = Net WorthBudget to Reduce ExpensesIncrease your Net Worth BUDGET TO ZERO BEFORE THE MONTH BEGINS.How to REALLY make budgeting workMake a plan and giving every dollar a name.CUT UP YOUR CREDIT CARDS.$750.00 purchase priceBalance at end of year

interest charged$110.50650.00Total Due760.50yr 1yr 2payments of $100.00 a year660.50$112.28772.78yr 3662.78$112.67775.45665.45$113.12778.57CREATE A BUDGETIf you have

extra money

each month - plan for that as well (Real Estate, Investment Account, 401(k))

If you're living paycheck to Paycheck A budget will help you get out of Debt and make good choices.401(k)Individual Retirement AccountReal Property

Have plenty of income from your investments to keep reinvesting and no longer need income from a Salary to maintain your lifestyle. Retirement (Any Age)4 Stages to Financial IndependenceIncome = Expenses

Income < ExpensesIncur Credit Card Debt

Income > ExpensesGrow Net WorthCreate your own pathInvesting for SuccessPlanning for the long term

The worst five-year = average return of negative 12.5%.Of all five-year periods, 87% were positive,

97% of 10-year periods were positive,Since 1926, there's never been a 20-year period where stocks lost money.YTD in Market3 years10 years in the Market1. Asset Allocation2. Contribute More3. Don't Try to Time the MarketHow to Thrive During a Market Correctionyr 4Spectrum Diversified 401(k)80%

18 years

4 - 5%Live: Earn:How this LOOKS in Retirement

Budget BUDGET TO ZERO BEFORE THE MONTH BEGINS.How to REALLY make budgeting workMake a plan and giving every dollar a name.CUT UP YOUR CREDIT CARDS.Earning > Living ExpensesEarning < or = Living ExpensesCredit.comInvest in Assets that Grow in Value401(k)IRAInvestment AccountReal PropertyCollectibles